OPEN-SOURCE SCRIPT
PROSTRATS Pine Script for Swing Trading

This is a simple script for swing trading. It uses my 2 favorite indicators; the Choppiness Index as well as Fibonacci Retracement. This script is meant to run on the 4 hour time frame, in my case I use BTCUSD. It will buy when 2 conditions are met. The first is that the Choppiness Index is above 54.5 on the Daily Time frame, which means the price has potential to swing high or low. I used the security() function to ensure this takes place on the daily time frame because larger time frames tend to dominate smaller time frames in terms of overall swings. The second condition is that the price has to cross above the 1 level of the Fibonacci Retracement. This ensures that the swing is going to be an upwards swing, as opposed to a downwards one. The measure I took to ensure that the Fibonacci Retracement level of 1 is above the 0 level is to make sure that the r value of the 1 level is greater than the r value of the 0 level.
The sell condition is programmed to execute when either the price crosses above the 1.618 level(profit target) or cross below the 0 level(stop loss).
The sell condition is programmed to execute when either the price crosses above the 1.618 level(profit target) or cross below the 0 level(stop loss).
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秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。